INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Iran, Turkmenistan, Kazakhstan sign MoU on railway cooperation

Iran, Turkmenistan, Kazakhstan sign Memorandum of Understanding on railway cooperation
  • The rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states
  • The MoU stipulates that a joint working group be formed to oversee the growth of cargo passing through the transit route

Iran, Turkmenistan and Kazakhstan on Friday signed a tripartite Memorandum of Understanding on railway cooperation to increase rail input load to Turkmenistan and from there to Iran.

Deputy minister of roads and urban development and managing director of the railway company of the Islamic Republic of Iran Miad Salehi said the rail cooperation document was signed between the three countries on the sidelines of the summit of ECO member-states. 

He pointed out that this memorandum was signed following the agreement reached a month ago between him and Azat Muradov, the head of the Turkmen Railways.

Salehi said that according to this memorandum, it is stipulated that a joint working group be formed between the three countries to follow the goals of the memorandum and the growth of cargo passing through the transit route.

He added that given the geopolitical importance of Iran, the signing of these memorandums in the field of rail transport and transit can increase the activity of the north-south corridor and use of the capacity of this corridor to develop economic and political relations.